Philip Cooper

Registered with Property118.com
Monday 15th February 2016


Latest Comments

Total Number of Property118 Comments: 2

Philip Cooper

19:39 PM, 17th February 2016, About 6 years ago

Form B restriction will it affect my ability to remortgage?

I have got in contact with two trust solicitors, when I know more I will post here incase anyone else may find the information helpful .... Read More

Philip Cooper

17:02 PM, 17th February 2016, About 6 years ago

Form B restriction will it affect my ability to remortgage?

Thank you for you comments and the time you took to reply . I contacted land registry and this was there reply.

Dear Sir,
Thank you for your e-mail of 16/2/2016.
We cannot comment on how a Form B restriction would affect a re-mortgage application from the lenders point of view
Please see Practice Guide 24 - private trusts of land and specifically the wording of the form B restriction 2.2
You may wish to seek legal advice before placing the Form B restriction in the register.
Yours faithfully,
Debra Howe
Durham CCC2

Unfortunately I still do not have answer.

If I have a trust deed and it has 2 trustees and the trustees hold legal title of the property can it still be held legally in trust without placing a restriction on property ?

Thanks... Read More